Compare and contrast basic U.S. and international financial accounting standards.

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ACC 5301 Management Applications of Accounting

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Abstract

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Title of Paper

Remember this part of the paper is double spaced in APA format.

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Part 1 Financial Statement Comparison

Identify the name, location, and accounting standards used for each of the two related businesses you selected.

Compare and contrast three major differences you see in the way the financial data is presented on the financial statements

Identify which set of financial statements you think are the easiest to understand and that provide you with the most accurate cost data as a manager. (Do not forget to look at the notes to the financial statements also.)

Part 2 International Factors

Analyzeand discuss three international factors you think would affect the cost of the products made at the companies you selected and why.

Part 3 Compliance/Regulatory Issues

Discuss any compliance and/or regulatory issues you think would be involved in the companies you have selected as they relate to the cost of the products made. For example, are there strict regulations on product pricing, tariffs imposed on raw materials needed to make the products, strict regulations on the wages paid to workers, etc.

Conclusions and Recommendations

The conclusionsectionshould summarize for the readers the topics of importance that led to your final conclusions/analysis regarding this case. Include some specific areas of focus from your analysis to reinforce your conclusion.

References

Include complete references in proper APA format for all of the citations listed in your paper. Be sure to use the library for the required number of sources. Additional sources can be used but should be scholarly. Present your references in alphabetical order.

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